Who is responsible for debt after divorce?
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Who is responsible for debt after divorce?
When you get a divorce, you are still responsible for any debt in your name. That means that if you and your spouse had a joint credit card, you are just as liable for that debt as your spouse. But the details of how that debt is handled can vary a bit depending on the state you live in.
Is a wife responsible for her husband’s credit card debt?
If you are a joint account holder on your husband’s credit cards, you will likely be responsible for the debts on those credit cards. As a joint account holder, you share full responsibility for the debt under the terms of the contract, even if you didn’t make the charges.
Can I sue my ex for credit card debt?
Yes, you can sue your ex. You can even sue your divorce lawyer for not insisting that all joint accounts be closed before the divorce decree was issued. But if you are a joint owner on the account, the creditor is within its legal rights to attempt to collect the debt from you.
Does my husband’s debt become mine?
Debts you and your spouse incurred before marriage remain your own individual obligations—but you’ll share responsibility for debts you take on together after the wedding.
